BitPay

BitPay

Cryptocurrency payments platform with card

Overview

BitPay operates in the cryptocurrency market by offering a platform for people and businesses to manage digital assets. Its main product is a crypto app that lets users buy, store, swap, and spend various cryptocurrencies, and it also provides the BitPay Card, a crypto debit card that converts Bitcoin and other digital currencies into dollars for spending at Mastercard-accepting merchants worldwide. Revenue comes from transaction fees, card issuance fees, and merchant services. The platform also includes wallet management and gift card purchases, broadening its value proposition for both individual crypto enthusiasts and businesses seeking crypto payments. BitPay’s goal is to simplify cryptocurrency transactions and make digital assets usable in everyday life, expanding access and utility for a wide audience.

About BitPay

Simplify's Rating
Why BitPay is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$104.3M

Headquarters

Atlanta, Georgia

Founded

2011

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Simplify's Take

What believers are saying

  • MiCA passporting unlocks all 27 EU markets immediately for merchants and consumers.
  • Solana support and HODL Pay expand transaction volume without forcing users to sell holdings.
  • Amsterdam expansion and regional partnerships strengthen BitPay's European revenue pipeline in 2026.

What critics are saying

  • OFAC fined BitPay $507,375 in 2021 for sanctions failures and compliance lapses.
  • NYDFS penalized BitPay $1 million in 2023 for BSA, AML, and cybersecurity violations.
  • Coinbase and Ripple outrank BitPay on regulatory scale, threatening its payment-network relevance.

What makes BitPay unique

  • BitPay won MiCA authorization in July 2026, covering EU crypto payments and stablecoins.
  • BitPay Wallet supports Solana, letting users buy, store, swap, and spend 300+ assets.
  • ACI Worldwide integrates BitPay into its orchestration platform, extending merchant distribution globally.

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Funding

Total Funding

$104.3M

Below

Industry Average

Funded Over

6 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$1.8M
BitPay
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Remote Work Options

Paid Vacation

Sabbatical Leave

Stock Options

Home Office Stipend

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

1%
The Digital Track
Aug 13th, 2026
Morph launches non-custodial stablecoin payments platform.

Morph launches non-custodial stablecoin payments platform. August 13, 2026 Crypto news general Positive Morph has officially launched Morph Payments, a non-custodial stablecoin payments platform that supports both USDC and USDT, enabling businesses to accept crypto payments while retaining full control of their funds directly in their own wallets without relying on a centralized intermediary. Unlike traditional crypto payment processors that hold merchant funds in custody, Morph Payments settles transactions directly on-chain, meaning businesses never relinquish custody of their assets throughout the payment flow - a major security and sovereignty advantage in the rapidly evolving Web3 payments space. This launch is particularly timely as stablecoin payment adoption accelerates globally, with regulatory frameworks like the U.S. GENIUS Act and EU MiCA creating clearer pathways for business use of USDC and USDT in commerce. Non-custodial crypto payment solutions represent a growing segment of DeFi infrastructure, addressing merchant concerns around counterparty risk and exchange-related insolvency that have historically slowed adoption. Morph's on-chain settlement model positions it as a competitor to custodial processors like Coinbase Commerce and BitPay, appealing especially to crypto-native businesses and DeFi protocols seeking permissionless payment rails. Watch for Morph to announce merchant integrations, volume milestones, and potential expansion to additional stablecoins or layer-2 networks as it scales its non-custodial payments infrastructure. Morph has launched a non-custodial payments platform that supports USDC and USDT, lets businesses connect their own wallets, and settles customer payments directly on-chain. Morph Payments leaves funds in users' wallets According to an Aug.

The Digital Track
Jul 30th, 2026
Emirates embraces crypto payments via Crypto.com, marking a Gulf aviation first.

Emirates embraces crypto payments via Crypto.com, marking a Gulf aviation first. July 30, 2026 The Currency Analytics general Positive Emirates, the Dubai-based global airline carrier, is now accepting cryptocurrency payments for flights and services through a partnership with Crypto.com, becoming the first major Gulf aviation operator to integrate crypto payment options and marking a landmark moment for digital asset adoption in the travel industry. The collaboration with Crypto.com - whose CRO token and exchange platform serve tens of millions of users worldwide - gives Emirates passengers the ability to pay using Bitcoin (BTC), Ethereum (ETH), and other supported cryptocurrencies, bridging luxury travel with blockchain-based finance in one of the world's most crypto-friendly regulatory jurisdictions. For investors and enthusiasts tracking crypto travel payments, UAE crypto adoption, or Crypto.com exchange partnerships, this announcement carries significant market weight as it demonstrates real-world utility for digital assets beyond speculative trading. The UAE has aggressively positioned itself as a global crypto hub, with Dubai's Virtual Assets Regulatory Authority (VARA) providing a clear licensing framework that encourages corporate crypto integration - making Emirates' move a strategic fit within this regulatory environment. The deal also boosts Crypto.com's brand credibility as it competes with Coinbase Commerce and BitPay for enterprise payment partnerships globally. Watch for other Gulf airlines and regional hospitality brands to explore similar crypto payment integrations as Emirates' first-mover status sets a precedent for aviation-sector blockchain adoption across the Middle East. Emirates is now accepting cryptocurrencies.

LBank
Jul 16th, 2026
BitPay plans further expansion in Europe.

BitPay plans further expansion in Europe. From its European base in Amsterdam, BitPay said it intends to support merchants, partners, and consumers as demand for regulated digital asset payments continues to grow. "Europe is one of the most important regions for the future of payments," said Jonathan Arler, Head of Europe at BitPay. "From Amsterdam, BitPay is now positioned to support merchants, partners, and consumers as demand grows for practical ways to accept, move, manage, and spend digital assets." The company said the authorization also expands its global regulatory footprint, which already includes money transmitter licenses and other approvals in multiple jurisdictions. According to BitPay, the additional regulatory coverage will support businesses and consumers as cryptocurrency payments, stablecoin transactions, consumer finance applications, and cross-border settlement become more widely used. Founded in 2011, BitPay said the MiCA authorization represents the next stage of its European operations. The company also plans to invest further in regional infrastructure and strategic partnerships to expand regulated cryptocurrency payment services across the European Union.

Crypto Briefing
Oct 16th, 2025
ACI enables Bitcoin and stablecoin payments for merchants through BitPay integration

ACI enables Bitcoin and stablecoin payments for merchants through BitPay integration. Powered by Gloria Edited by This partnership marks a major step in normalizing digital asset payments for merchants and payment service providers worldwide. Key takeaways. * ACI Worldwide has partnered with BitPay to expand digital currency payment options for merchants and payment service providers. * The integration enables both cryptocurrency and stablecoin payments for global merchants and payment service providers. ACI Worldwide, a global payments software provider, today announced it is expanding its Payments Orchestration Platform through a partnership with BitPay, allowing merchants worldwide to accept and manage digital currencies alongside traditional payment methods. Bitcoin acceptance has expanded among merchants in regions like France and Switzerland, with businesses including bars and optical stores integrating crypto payments through specialized gateways. Payment companies are increasingly embracing Bitcoin amid broader cryptocurrency integration trends. Countries including the UAE and Russia have seen exchanges launch related trading services as digital asset adoption accelerates globally.

CoinPedia
Aug 13th, 2025
BitPay Launches Full Solana Support with SOL, USDC, and USDT for Users and Merchants

BitPay launches full Solana support with SOL, USDC, and USDT for users and merchants.

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